Corcel (LON:CRCL) Trading 1.3% Higher – What’s Next?
by Kim Johansen · The Markets DailyCorcel Plc (LON:CRCL – Get Free Report) shares shot up 1.3% during mid-day trading on Tuesday . The stock traded as high as GBX 0.40 and last traded at GBX 0.40. 3,693,377 shares changed hands during trading, a decline of 72% from the average session volume of 13,333,467 shares. The stock had previously closed at GBX 0.40.
Corcel Stock Performance
The stock has a fifty day moving average price of GBX 0.42 and a 200 day moving average price of GBX 0.41. The company has a current ratio of 2.45, a quick ratio of 0.09 and a debt-to-equity ratio of 0.18. The firm has a market cap of £37.66 million, a price-to-earnings ratio of -2.35 and a beta of 0.21.
About Corcel
Corcel PLC is an upstream oil and gas development company with residual interests in battery metals. Its diversified portfolio includes projects in the onshore Kwanza Basin in Angola, legacy battery metal interests such as rare earth element appraisal in Western Australia, and an option to acquire gas production onshore Brazil. Founded in 2004 and listed in 2005, the company trades under the ticker CRCL on the Alternative Investment Market (AIM) of the London Stock Exchange. Corcel is led by an experienced management team with extensive sector and AIM expertise.